Economy
World / Countries / MNCs
Islamabad: In efforts to boost trade and manage a balance of payments crisis, Pakistan has implemented Business-to-Business Barter Trade Mechanism to allow barter trade with Russia, Iran and Afghanistan, according to Pakistan's Ministry of Commerce. more
Twitter and Tesla chief Elon Musk is once again world's richest person

Twitter and Tesla chief Elon Musk has once again reclaimed his position as the world's richest person.

Economic woes dash job prospects in low income countries: ILO

New York: Soaring debt levels compounded by high inflation and rising interest rates have dashed job-seekers’ hopes in developing countries, the International Labour Organization (I ...

US reaches debt ceiling deal amid a looming financial crisis

Washington: As the US faces a potential debt default, President Joe Biden and his Republican opponents have reached an in-principle agreement to raise the US debt ceiling to avert a defau ...

African free trade area could spur sustainable growth: UN chief

New York: The robust growth that many African countries experienced before COVID-19 was lost to the pandemic, UN Secretary-General António Guterres said on Wednesday, highlighting ...

China facing large income gap between its rich, poor: Report

Beijing: China is facing a large income gap between its poor and rich, shows the country’s income distribution statistics, according to The Times of Israel.

China witnessing a rise in youth joblessness crisis

Beijing: China's youth unemployment rate has increased and the latest data shows that the jobless rate for people aged between 16 and 24 is over 20 percent now.

Macro-economic management policy of Bangladesh is prudent enough to avoid China's debt trap: Expert

Beijing/Dhaka: A top foreign policy analyst feels that the macro-economic management policy of Bangladesh is prudent enough to avoid China's debt trap.

Facebook fined 1.2 billion euro over mishandling of users' data

Brussels: Following the EDPB’s binding dispute resolution decision of Apr 13, Meta Platforms Ireland Limited (Meta IE) was issued a 1.2 billion euro fine following an inquiry into i ...

Post-pandemic world economy still feeling COVID-19’s sting

New York: Prospects for a robust global economic recovery remain dim as the lingering effects of the COVID-19 pandemic carry on, according to the UN’s latest World Economic Situatio ...